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Bulletin: Sara Lee Corp. Ratings Unaffected By Announcement Of International Beverage Spin-Off Jun 11
Standard & Poors, June 2011
Abstract
NEW YORK (Standard & Poor's) June 14, 2011--Standard & Poor's Ratings Services said today that its ratings and outlook on Sara Lee Corp. (BBB/Stable/A-2) are not affected by the company's announcement that it intends to spin off its international coffee and tea business, instead of its North America retail and foodservice business as previously indicated. The remaining North America retail and foodservice business includes a variety of packaged meat and frozen bakery products under brand names including Hillshire Farm, Jimmy Dean, Ball Park, and Sara Lee, as well as other foodservice labels. Our assumptions include: We believe the North America Retail entity will continue to have a satisfactory business risk profile, albeit somewhat weaker than the consolidated Sara Lee's current...
Companies mentioned in this report are: Sara Lee Corp.
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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